5318 GRIMMER STREET

5318 GRIMMER STREET · Burnaby, Metrotown · Business · $199,000 · MLS C8079471

Burnaby, British Columbia · Neighbourhood: Metrotown
C$199,000
For sale
5318 GRIMMER STREET

5318 GRIMMER STREET is located in Burnaby (Metrotown). Property snapshot: Business, listed at $199,000, MLS C8079471. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 49. Catchment schools include Maywood Community Elementa

List Price: $199,000
MLS: C8079471
Interior Size: 672 sqft
Days on Site: 49
Catchment Schools: Catchment schools include Maywood Community Elementary, Burnaby South Secondary
Price History: Latest recorded list price 199000.00

Local Decision Guide

How should buyers evaluate 5318 GRIMMER STREET?

Start by reading this listing in its Burnaby Metrotown context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

Burnaby listings should also be screened against SSMUH and provincial small-scale multi-unit housing rules. R1, R4 and R5 zoning may affect multiplex analysis, but they are not automatic buildability guarantees; lot dimensions, area, servicing, trees, parking, permits and current city interpretation still matter.

Burnaby SSMUH / R1 / R4 / R5 quick checklist
  • Confirm the zoning label: R1, R4, R5 or another district.
  • Check lot size, frontage, lane/driveway access, trees, parking and servicing.
  • Read SSMUH, provincial rules and Burnaby's current permit interpretation together.
What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 5318 GRIMMER STREET?

This page shows a list price of $199,000 with MLS C8079471.

What type of home is this Burnaby, Metrotown listing?

The page shows Business at 5318 GRIMMER STREET. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 49 days on market/site. Latest recorded list price 199000.00.

Which catchment schools are associated with 5318 GRIMMER STREET?

Catchment schools include Maywood Community Elementary, Burnaby South Secondary. Catchment boundaries can change, so buyers should verify with the school district or their realtor before writing an offer.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

How should Burnaby listings be screened for SSMUH, R1, R4 and R5 risk?

Burnaby listings should be checked against SSMUH, provincial small-scale multi-unit housing policy, R1/R4/R5 zoning, lot size, frontage, servicing, trees, parking and permits. R1/R4/R5 are due-diligence signals, not automatic buildability.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

Super Prime Location @ Heart of Burnaby !! Famous Bubble Tea Franchise Business for sale! Can also be use for other Beverage/Restaurant Business Brands. Super Prime Location with high walking traffic being near Metrotown! Huge flows of upcoming Local & Tourism customers. Great exposure, plenty of parking spaces. Fully-New built Beverage Shop with brand new renovation and new equipments. Gross Rent $3,392 gross included gst, current lease term until June 2028, with 3 years renewal. (id:56153)

Property Details

Business
Building Type
-
Bedrooms
-
Bathrooms
672 sqft
Interior Size
C$296
Price per Sqft

Transaction: For sale

Status: active

Listing ID: 29879892 (C8079471)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$199,000

Days on Site: 49 days

Added to Relistico: 2026-06-09

Updated on: 2026-06-10 09:03 AM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

Fraser 2024: #906/1015 · score 3.9 · GIS map
Public · School District 41
4567 Imperial St, Burnaby, BC
Straight-line distance about 960.3 m
Fraser 2019: #152/251 · score 5.5 · GIS map
Public · School District 41
5455 Rumble St, Burnaby, BC
Straight-line distance about 847.5 m
Nearby Private Schools
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Includes school names, grades, distance, and available Fraser ranking context.

Nearby Points of Interest

Grocery / Food Access
About 183.4 m away
5335 Kingsway
About 211.6 m away
5172 Kingsway, Burnaby
Shopping Centres
About 254 m away
5172 Kingsway, Burnaby
About 959.2 m away
4700 Kingsway, Burnaby
Parks / Green Space
About 321.6 m away
About 415.1 m away
Rapid Transit Stations
About 394.3 m away

Price History

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View price changes, listing events, and the full timeline.

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Last Updated: Wed, 10 Jun 2026 08:05:26 AM PDT

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Listing Office: Royal Pacific Realty Corp.

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